Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
**REGISTERED CHARITY NUMBER: 514360**
## **GARSTANG FREE METHODIST CHURCH**
**TRUSTEES' REPORT AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2023**
Xeinadin Dalton House 9 Dalton Square LANCASTER LA1 1WD
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Trustees' Report**|2|to|7|
|**Independent Examiner's Report**||8||
|**Statement of Financial Activities**||9||
|**Balance Sheet**||10||
|**Notes to the Financial Statements**|11|to|17|
|**Detailed Statement of Financial Activities**|18|to|19|
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Trustees**|Mr J Carter (resigned 8/6/2023)|
|---|---|
||Mrs S Kelsall|
||Mr P Wells|
||Mr P Yates|
||Mrs R Thornton|
||Mrs K Caunce|
||Mrs A Fearnhead|
||Mrs A Blundell (resigned 8/6/2023)|
||Miss R Corkish|
||Mr M Thornton (appointed 8/6/2023)|
||Mr J Fisher (appointed 8/6/2023)|
|**Principal address**|Windsor Road|
||Garstang|
||PRESTON|
||PR3 1ED|
|**Registered charity number**|514360|
|**Independent examiner**|Xeinadin|
||Dalton House|
||9 Dalton Square|
||LANCASTER|
||LA1 1WD|
Page 1
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Objectives and activities**
The object of the Free Methodist Church is the furtherance of the religious and other charitable works of the Free Methodist Church of North America.
The Elder Trustees fully appreciate the wide range of ages and needs within the fellowship and the community. They are committed to providing an environment which encourages people to live out their Christian faith. This is done in the first instance through worship and prayer, Bible teaching and pastoral care but there are also opportunities for people to express their faith in word and deed within the wider community.
The primary purpose of the church is discipleship: for each of us to be disciples and to make disciples, within the church and without, in the local community and beyond.
When planning the church's activities the Elder Trustees have considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
Page 2
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Achievement and performance Worship**
The Pastors and leadership have tried to provide a balanced form of worship which appeals to all age groups in our two regular Sunday services. To that end we have a mix of music styles provided by a group of musicians from within the fellowship. These musicians themselves reflect the range of ages within the fellowship. A youth band also provides worship at services particularly aimed at the young people.
We have a significant number of young families in the church and hold Sunday School during the morning service and a crèche for children under school age. However, the leadership do feel it is important that the children are also made to feel part of the whole fellowship so they remain in the early part of the morning service where they can join in the worship and enjoy a short story to suit the age group before going to Sunday School or crèche. The leadership believe that the family aspect of church is very important and an 'All Age' Service is held on a regular basis.
The Sunday evening service tries to reflect the different needs and preferences within the congregation. It is usually a less formal service and takes a variety of different forms. It sometimes offers the opportunity to share from personal experience.
## **Bible teaching**
This is seen as an essential part of the church's ministry and is an important part of the Sunday services.
Sermons are preached by our own pastors and lay preachers as well as visiting speakers. Some of the young people within the fellowship are given opportunity to speak when it is recognised that they are gifted in this area.
## **Prayer**
Prayer is considered a must for a healthy church and there are many opportunities for people to join in corporate prayer. We hold a prayer meeting each Tuesday evening.
There is also opportunity for prayer in the small groups which meet regularly in a variety of locations in the area. A prayer team is available to pray for those who have particular needs and request prayer. A prayer room is available within the church building for private prayer at any time and is used for prayer needs at the end of each Sunday service.
## **Work with children**
In addition to the Sunday School, there are other activities for children of different age groups:
Toddle In meets on Thursday morning and provides opportunity for parents / carers with toddlers to meet and relax. Its reputation is such that local agencies often refer young parents to it.
Kidz Klub, for children in school years 1-4, meets on Tuesday evenings in term time. Their regular activities include games, Bible stories and crafts.
Connect, for children in school years 5-7, meets on Friday evening in term time. Again their regular activities include games, Bible stories and crafts.
Annually, there is an organized weekend away for Kidz Klub and Connect children using the facilities of a local Boys' Brigade.
We also annually hold a holiday club for children aged five to 11 on five successive mornings in August. This is available to children from church families as well as others from the local community. Activities in both of these events include music, drama, crafts and Bible teaching.
## **Work with teenagers**
Youth for those in school year 8 and above meets on a Friday evening and involves a variety of activities. We alternate between games nights, worship + word and chill nights. We organise regular external activities and have an annual, residential weekend away.
Page 3
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
Rooted is a new youth group for those who wish to go deeper into the Bible and look at bigger topics aside from a Friday evening. It is held on Sunday evenings, which also encourages our youth to come along to the evening service before the meeting.
Footprints is a weekly Sunday group that meets during the morning service and is for school years 7 and 8. This provides specific Bible content with leaders who help with the transition to high school and youth and also in being a more central part of our Sunday worship.
## **Work with the elderly**
Our approach to working with older people aims to provide for every aspect of their lives; spiritual, emotional, practical. To this end we have Friday Focus, which meets every Friday morning and has a different focus each week of the month. Focus on Prayer and Focus on The Bible helps meet the spiritual needs of those who attend the church, where they are able to share needs and concerns in confidence. Focus on the Bible allows us to discuss issues that are sometimes puzzling in a rapidly changing world while taking a biblical approach to understanding. Focus on Film, followed by a light lunch, attracts people from within and without the church helping combat loneliness and develop new friendships. Eating together is an important aspect of spending time together. Focus on People is a great opportunity to hear about other people's lives and get to know other better. It is an effective way of introducing new people and allowing the opportunity to share our histories and appreciate each other.
Our regular Sunday mornings which were held in three local residential homes for the elderly had to be halted due to Covid. We have now been able to fully reconnect with one of the residential homes. It became clear that a different format to that of our previous meetings was needed, so while we try to make sure we provide for the spiritual needs of residents with occasional prayer, hymns and a message, we also recognise that building friendships on a one to one basis and encouraging them to use their talents and abilities through crafts, memory experiences and a variety of games, is also not only enjoyable but a great benefit to all involved.
On issues of pastoral care, it is recognised that some areas need to be dealt with by the pastors but others can be undertaken by lay members of the church. Pastors visit those who are in hospital or bereaved but other visits are undertaken by trusted volunteers. The pastoral team will visit those who are housebound on a monthly basis as well as those who the pastors feel would benefit from a visit.
A wheelchair is available in the church and a loop system is fitted for those with hearing difficulties. Of particular benefit in small group situations have been the six portable loop hearing systems that were purchased some time ago. We have also purchased a walker which is kept in the church for anyone who might need it.
## **Work with adults**
There currently 16 life groups that meet on a regular basis for study, prayer and fellowship together. There are approximately 70-75% of members and regular attenders who have connections with these groups. Some groups meet in the church premises but others meet in homes. Groups are both interest and age based and meet on a variety of days and times to offer something for everyone. We are very blessed to have 25 individuals who are committed to leading/co-leading these groups. Individuals are free to choose a group that best suits their particular needs, but the Adult Director can help to point individuals to particular groups that have space for new members.
When need arises, groups are organised to introduce seekers to the Christian faith, disciple new Christians in their faith and promote Christian values in relationships and marriage. The fellowship continues to participate in workshops and courses on teaching and encouraging intentional faith and witness.
13 missional bands have been established. These are small groups of 3-4 individuals who meet regularly to have intentional faith conversations followed by prayer. The aim is to encourage one another to continue growing in their faith and become more confident in demonstrating that faith in everyday life and experiences. These activities and life groups actively promote whole life discipleship among believers.
There's a variety of outreach activities run by volunteers from the church membership. Some members continue to work with Ukrainian families in the area offering friendship, advice and help as appropriate. Several members volunteer with a local food bank hosted by another area church.
Page 4
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
There is a monthly Craft Café at GFM for adults, attended by members as well as those with no church connection who enjoy crafting activities, refreshments and conversation together. Average attendance overall is around 20 at these meetings.
There is also a Welcome Café once a week offering a light lunch and opportunity to share conversation and friendship with others.
Many members support these projects with regular gifts of time. money and prayer.
## **Mission**
The church recognises its responsibility to encourage and support the world wide church and has given, from its income, money towards mission work in Greece, Hungary and Ukraine. It has also made many donations towards the work of national and international Christian mission work including, but not limited to: Cedar House counselling service in Preston, The Christian Institute, Christian Motorcyclists Association, Pakistan, Good News for Everyone (formerly the Gideons), Grace Ministries and NISCU.
In addition to all of this, special collections are made during Christmas, Easter and Harvest services to support worthy and topical causes, most recently towards Mission Aviation Fellowship and a local food bank.
The church has been further developing its relationship with a Christian ministry in Ukraine, with further ongoing support over the past few years. We have raised funds as a church, and many members have given additional gifts to support the work in Ukraine, in particular the development of a drug rehabilitation centre.
Early 2022, when Russia invaded Ukraine, we raised funds to help with this crisis, to provide aid to those on the ground in Ukraine and to provide resources to those who had been displaced. This has been ongoing through 2023 and 2024. Our mission partners fled Ukraine in 2022 and transitioned to Garstang for a period of 10 months, but they have since returned and we continue to support their ministry work.
## **Thornton Light & Life Church**
In 2017 the church plant into Thornton was officially launched. Over the years it has grown, with a large core of committed members, and its own leadership team which was established to manage the direction and day to day running of the church, while remaining under the responsibility and oversight of the Elder Trustees of Garstang Free Methodist Church.
In March 2022, Thornton Light & Life Church was established as a separate society. Garstang Free Methodist Church continues to partner with Thornton Light & Life, providing practical, spiritual and financial support, with financial commitment made until the end of 2026.
## **Volunteers**
We would like to thank all the volunteers who work tirelessly to make the church the loving fellowship it is. It would be wrong to single out anyone for special mention but we do want to acknowledge that everything that is done is an expression of the love and commitment everyone has for the Lord, the fellowship of believers and the wider community in which we live.
The church is aware of, and takes seriously its safeguarding responsibilities and, where appropriate, volunteers are DBS checked. A specialist external advisor has designed our safeguarding policies and relevant training is compulsory.
## **Financial review**
The attached financial statements give a breakdown of the income and expenditure of the charity during 2023 and show that the charity ended 2023 with free reserves of £159,218 (2022: £37,300). It is the policy of the charity to maintain the free reserves at a level equivalent to approximately two months of expenditure to cover church running costs should income fall.
The amount recovered from HMRC through the Gift Aid scheme was £33,127. This continues to be a crucial source of income for the church.
Page 5
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Structure, governance and management Governing document**
The main governing document of the Charity is the Trust Deed dated 21 April 1983.
In 2017 the Church Membership voted to adopt a new structure for governance and management of the church and its ministries. The Church Leadership Team (CLT), which had been comprised of trustees who worked alongside the pastors to lead the church as well as its individual ministries, was replaced with two new bodies: the Elder Trustees (ET) and the Ministry Leadership Team (MLT).
The church is governed by the Elder Trustee Board which is comprised of two lay delegates, a finance director, a fabric director and five elder trustees. All are trustees of the Church and work closely with the pastors in promoting the whole mission of the Church to provide pastoral care, an evangelistic outlook, opportunity for fellowship and awareness of the needs of the Church worldwide. The purpose of the Elder Trustees is to provide governance and to empower the pastoral team to fulfil the Church mission statement, to be "a Christian community discipling all generations".
The Elder Trustees are also responsible for the upkeep of the Church properties (which comprise the church building on Windsor Road, the Meadow Park manse and a house on Pine Grove previously bequeathed to the church) and to manage and monitor the finances of the Church.
The lay delegates represent the church in the UK Free Methodist conference where they and the pastors have voting rights.
Election to the Elder Trustee Board takes place annually in June. Elder Trustees are initially appointed for a twelve month term, and then if re-elected can choose to serve for terms of between 12 months and three years, in order to stagger the dates on which appointments are made.
Ministry Leaders are appointed by the pastors and ratified by the Church Membership at the ASM. They undertake supervision of specific ministry areas including Children, Youth, Adult, Seniors and Worship, and seek to fulfil the Church's mission statement through those ministries.
Throughout the year Rev Ian Heath served as Lead Pastor for the church, Rev Andy Woof served as Associate Pastor. Mr Andrew Tissingh served as Families, Youth and Missions Pastoral Assistant until his resignation in May 2023.
The local church is answerable to the UK conference of the Free Methodist Church which is led by National Leader Rev John Townley.
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Page 6
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Statement of trustees' responsibilities - continued**
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
10/18/2024
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...................................................................... CiCF2418C18A6445E... by:
Mrs A Fearnhead - Trustee
Page 7
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GARSTANG FREE METHODIST CHURCH**
## **Independent examiner's report to the trustees of Garstang Free Methodist Church**
I report to the charity trustees on my examination of the accounts of Garstang Free Methodist Church (the Trust) for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
T M Preece F.C.C.A
Xeinadin Dalton House 9 Dalton Square LANCASTER LA1 1WD
Date: .............................................
Page 8
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Notes**
**Income and endowments from**
Donations and legacies
**Charitable activities**
Church activities
Pine Grove
Investment income
2
Other income
**Total**
**Expenditure on**
**Charitable activities**
Church activities
Pine Grove
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
8
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
209,981
370
-
1,458
83,203
295,012
186,886
-
186,886
108,126
570,586
678,712
855,657
1,534,369|**Restricted**
**funds**
**£**
27,062
-
-
-
-
27,062
25,545
2,230
27,775
(713)
(570,586)
(571,299)
657,443
86,144|**2023**
**Total**
**funds**
**£**
237,043
370
-
1,458
83,203
322,074
212,431
2,230
214,661
107,413
-
107,413
1,513,100
1,620,513|**2022**
**Total**
**funds**
**£**
222,386
-
1,250
73
-|
|---|---|---|---|---|
|||||223,709|
|||||218,361
-|
|||||218,361|
|||||5,348
-|
|||||5,348
1,507,752|
|||||1,513,100|
The notes form part of these financial statements
Page 9
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **BALANCE SHEET 31 DECEMBER 2023**
||||||**2023**|**2022**|
|---|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**||**Total**|**Total**|
|||**funds**|**funds**||**funds**|**funds**|
||**Notes**|**£**|**£**||**£**|**£**|
|**Fixed assets**|||||||
|Tangible assets|5|1,375,151||-|1,375,151|1,527,895|
|**Current assets**|||||||
|Debtors|6|36,195||-|36,195|27,232|
|Cash at bank||148,696|86,144||234,840|81,613|
|||184,891|86,144||271,035|108,845|
|**Creditors**|||||||
|Amounts falling due within one year|7|(25,673)||-|(25,673)|(123,640)|
|**Net current assets**||159,218|86,144||245,362|(14,795)|
|**Total assets less current liabilities**||1,534,369|86,144||1,620,513|1,513,100|
|**NET ASSETS**||1,534,369|86,144||1,620,513|1,513,100|
|**Funds**|8||||||
|Unrestricted funds|||||1,534,369|855,657|
|Restricted funds|||||86,144|657,443|
|**Total funds**|||||1,620,513|1,513,100|
The financial statements were approved by the Board of Trustees and authorised for issue on 10/18/2024 ............................................. and were signed on its behalf by:
............................................. Mrs S Kelsall - Trustee
The notes form part of these financial statements
Page 10
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. Accounting policies**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% Straight Line (improvements only) Fixtures and fittings - 20% Reducing balance
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 11
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **2. Investment income**
|**Investment income**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Deposit account interest|1,458|73|
## **3. Trustees' remuneration and benefits**
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **4. Comparatives for the statement of financial activities**
|**Income and endowments from**
Donations and legacies
**Charitable activities**
Pine Grove
Investment income
**Total**
**Expenditure on**
**Charitable activities**
Church activities
**NET INCOME/(EXPENDITURE)**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
169,140
-
73
169,213
185,672
(16,459)
872,116
855,657|**Restricted**
**funds**
**£**
53,246
1,250
-
54,496
32,689
21,807
635,636
657,443|**Total**
**funds**
**£**
222,386
1,250
73|
|---|---|---|---|
||||223,709|
||||218,361|
||||5,348
1,507,752|
||||1,513,100|
Page 12
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **5. Tangible fixed assets**
|**Freehold**
**property**
**£**
**Cost**
At 1 January 2023
1,522,554
Additions
-
Disposals
(130,000)
At 31 December 2023
1,392,554
**Depreciation**
At 1 January 2023
41,988
Charge for year
14,044
At 31 December 2023
56,032
**Net book value**
At 31 December 2023
1,336,522
At 31 December 2022
1,480,566
**6.**
**Debtors: amounts falling due within one year**
Gift Aid recoverable
Prepayments
**7.**
**Creditors: amounts falling due within one year**
Taxation and social security
Other creditors|**Equipment**
**£**
137,070
1,333
(384)
138,019
90,523
9,493
100,016
38,003
46,547||**Fixtures**
**and**
**fittings**
**£**
113,068
-
-
113,068
112,286
156
112,442
626
782
**2023**
**£**
33,127
3,068
36,195
**2023**
**£**
997
24,676
25,673|**Totals**
**£**
1,772,692
1,333
(130,384)
1,643,641
244,797
23,693
268,490
1,375,151
1,527,895
**2022**
**£**
24,171
3,061
27,232
**2022**
**£**
1,742
121,898
123,640|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
Page 13
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **8. Movement in funds**
|**Unrestricted funds**
General Fund
Building Fund
Kingdom Ministries
**Restricted funds**
Specified Gifts
Building Fund
Pine Grove
**TOTAL FUNDS**
Net movement in funds, included in the above are
**Unrestricted funds**
General Fund
**Restricted funds**
Specified Gifts
Building Fund
Pine Grove
**TOTAL FUNDS**|**At 1/1/23**
**£**
822,420
33,237
-
855,657
19,603
613,453
24,387
657,443
1,513,100
as follows:||**Net**
**movement**
**in funds**
**£**
108,126
-
-
108,126
317
1,200
(2,230)
(713)
107,413
**Incoming**
**resources**
**£**
295,012
25,862
1,200
-
27,062
322,074||**Transfers**
**between**
**funds**
**£**
548,786
-
21,800
570,586
-
(565,793)
(4,793)
(570,586)
-
**Resources**
**expended**
**£**
(186,886)
(25,545)
-
(2,230)
(27,775)
(214,661)|**At**
**31/12/23**
**£**
1,479,332
33,237
21,800
1,534,369
19,920
48,860
17,364
86,144
1,620,513
**Movement**
**in funds**
**£**
108,126
317
1,200
(2,230)
(713)
107,413|
|---|---|---|---|---|---|---|
||||||||
||||||||
||||||||
||||||||
Page 14
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **8. Movement in funds - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General Fund
Building Fund
**Restricted funds**
Specified Gifts
Building Fund
Pine Grove
**TOTAL FUNDS**|**At 1/1/22**
**£**
838,879
33,237
872,116
1,685
610,814
23,137
635,636
1,507,752|**Net**
**movement**
**in funds**
**£**
(16,459)
-
(16,459)
17,918
2,639
1,250
21,807
5,348|**At**
**31/12/22**
**£**
822,420
33,237|
|---|---|---|---|
||||855,657
19,603
613,453
24,387|
||||657,443|
||||1,513,100|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General Fund
**Restricted funds**
Specified Gifts
Building Fund
Pine Grove
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
169,213
36,417
16,829
1,250
54,496
223,709|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(185,672)
(16,459)
(18,499)
17,918
(14,190)
2,639
-
1,250
(32,689)
21,807
(218,361)
5,348|
|---|---|---|
Page 15
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **8. Movement in funds - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General Fund
Building Fund
Kingdom Ministries
**Restricted funds**
Specified Gifts
Building Fund
Pine Grove
**TOTAL FUNDS**|**At 1/1/22**
**£**
838,879
33,237
-
872,116
1,685
610,814
23,137
635,636
1,507,752|**Net**
**movement**
**in funds**
**£**
91,667
-
-
91,667
18,235
3,839
(980)
21,094
112,761|**Transfers**
**between**
**funds**
**£**
548,786
-
21,800
570,586
-
(565,793)
(4,793)
(570,586)
-|**At**
**31/12/23**
**£**
1,479,332
33,237
21,800|
|---|---|---|---|---|
|||||1,534,369
19,920
48,860
17,364|
|||||86,144|
|||||1,620,513|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General Fund
**Restricted funds**
Specified Gifts
Building Fund
Pine Grove
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
464,225
62,279
18,029
1,250
81,558
545,783|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(372,558)
91,667
(44,044)
18,235
(14,190)
3,839
(2,230)
(980)
(60,464)
21,094
(433,022)
112,761|
|---|---|---|
## **Transfers between funds**
The transfer from restricted to unrestricted funds (Building fund to General funds) represents the fixed asset development of the church property. As the terms of any Building fund gift are met once the building development has been completed, therefore allowing the charity to use the property on an unrestricted basis for any charitable purpose.
Page 16
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **9. Related party disclosures**
There were no related party transactions for the year ended 31 December 2023.
Page 17
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
**Income and endowments**
**Donations and legacies**
Tithes and offerings
166,177
-
Gifts
10,677
27,062
Gift aid tax reclaimed
33,127
-
Tithes and offerings - Thornton
-
-
209,981
27,062
**Investment income**
Deposit account interest
1,458
-
**Charitable activities**
Misc rental income
370
-
Rental income - Pine Grove
-
-
370
-
**Other income**
Gain on sale of tangible fixed assets
83,203
-
**Total incoming resources**
295,012
27,062
**Expenditure**
**Charitable activities**
Wages
82,463
-
Social security
1,846
-
Pensions
7,940
-
Manse running costs
298
-
Church running costs
17,428
-
Pine Grove costs
-
2,230
Telephone
737
-
Printing, postage, stationery and advertising
2,438
-
Travel and subsistence
417
-
Visiting preacher expenses
690
-
Church department expenses
2,632
-
Outreach and evangelism
533
-
Teaching materials and training
1,406
-
Conference levy
7,416
-
Thornton expenses
7,583
-
Depn of freehold property improvements
14,044
-
Depn of equipment
9,493
-
Carried forward
157,364
2,230|**2023**
**Total**
**funds**
**£**
166,177
37,739
33,127
-
237,043
1,458
370
-
370
83,203
322,074
82,463
1,846
7,940
298
17,428
2,230
737
2,438
417
690
2,632
533
1,406
7,416
7,583
14,044
9,493
159,594|**2022**
**Total**
**funds**
**£**
137,203
52,319
31,152
1,712|
|---|---|---|
|||222,386
73
-
1,250|
|||1,250
-|
|||223,709
91,527
2,824
9,480
304
14,556
-
691
2,401
554
290
2,842
1,456
1,549
6,444
8,978
14,190
11,635
169,721|
This page does not form part of the statutory financial statements
Page 18
Docusign Envelope ID: 6850ED5B-F99E-40AE-933C-6D7A7D647050
## **GARSTANG FREE METHODIST CHURCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
**Charitable activities**
Brought forward
157,364
2,230
Depn of fixtures & fittings
156
-
Grants payable
26,557
25,545
184,077
27,775
**Support costs**
**Finance**
Bank charges
(356)
-
**Governance costs**
Accountancy fees
1,864
-
Subscriptions and licences
1,301
-
3,165
-
Total resources expended
186,886
27,775
**Net income**
108,126
(713)|**2023**
**Total**
**funds**
**£**
159,594
156
52,102
211,852
(356)
1,864
1,301
3,165
214,661
107,413|**2022**
**Total**
**funds**
**£**
169,721
196
44,912|
|---|---|---|
|||214,829
356
1,968
1,208|
|||3,176|
|||218,361|
|||5,348|
This page does not form part of the statutory financial statements
Page 19